Mar 29, 2014
Kenya’s Emong-1 exploration results send Tullow Oil shares tumbling
Kenya’s Emong-1 exploration results send Tullow Oil shares tumbling
Follow @oilnewskenya
Story by Bloomberg
Tullow Oil Plc fell the most in more than two weeks in London after the oil explorer said a test well in Kenya failed to find viable crude deposits.
The shares fell 2.3 percent to 759 pence, the biggest decline since March 13. Partner African Oil Corp. fell 11 percent to 44.3 kronor in Stockholm.
The Emong-1 exploration well in Block 13T “encountered poorly…
View On WordPress